NYC’s Housing Crisis Deepens: Evictions Spike as Renters’ Economic Struggles Continue
New York City renters are facing increasing pressures, highlighted by a striking near-200% surge in evictions. Two recent studies reveal that while landlords are managing well, their tenants are struggling significantly. Decrease in Wages and Increase in Payment Delays According to a study by the Rent Guidelines Board, there has been a notable 6.1% drop…
High Mortgage Rates Push Average Buyers Out of New York City
In recent times, the real estate market has observed a notable shift, particularly in Manhattan, where an unprecedented surge in cash transactions for home purchases has been recorded. This trend, accentuated by mortgage rates hovering around the 6 percent mark, showcases a significant barrier for prospective buyers without substantial financial backing. The last quarter of…
The Safest Cities in New York for Families and New Homeowners
What are the safest cities in New York? New York State, known for its breathtaking landscapes, cultural significance, and diverse population, has many cities that boast low crime rates and are considered safe for residents and tourists alike. While New York City, with its bustling boroughs, might garner most of the attention when it comes…
Navigating the Concrete Jungle: The Costly and Complex Path to Renting an Apartment in New York
There is no city in the world quite like New York City. It’s a vibrant tapestry of culture, innovation, history, and opportunity that has drawn in countless individuals seeking to carve their path amidst the towering skyscrapers. However, beneath the allure of the city that never sleeps lies a daunting real estate market, where securing…
Rising Prices in New York: An Insight into the Real Estate Market
Rising prices are everywhere. Real estate has always been a barometer of economic vitality and financial health. At its heart is New York, a bustling hub of activity known for its iconic skyline, diverse neighborhoods, and, notably, its spiraling property costs. Recently, the city’s real estate market has witnessed a dramatic escalation in home buying…
Renting Your Home in New York: A Guide for Landlords
Renting out your home in New York can be a lucrative venture, whether you own a house, apartment, or any other type of property. With a robust rental market and a high demand for housing in cities like New York City (NYC), Buffalo, and Yonkers, you have the potential to earn a steady income by…
10 Most Cost-effective Living Options in Westchester County, NY
Looking for an affordable city to move into in Westchester County? To compile this list, we thoroughly reviewed our recent Best Places to Live issue, annual public school rankings, and additional evaluations from Niche.com. We considered various factors, including median area income, home sale/rental prices, crime rates, teachers, and walkability. Whether you’re downsizing for budgetary…
Need Help With Housing? Here Are Some Local Buffalo, NY Resources
Finding housing in Buffalo is not an easy journey to take. Whether you’re looking to rent or own, it can be tough, but there are organizations that want to help you out. Finding housing assistance can be a daunting and challenging task. Whether you are searching for affordable rentals or looking to become a homeowner,…
A Comprehensive Guide to Your Rights as a Renter in Albany, NY
As a tenant in Albany, New York, it is crucial to understand your rights and responsibilities when renting an apartment. The landlord-tenant relationship can sometimes be challenging, and it’s essential to know your legal standing to avoid common mistakes and potential eviction. This guide will serve as a comprehensive manual, illuminating your rights as a…
Protecting Yourself from Real Estate and Mortgage Scams
Real estate and mortgage scams are on the rise, with fraudsters constantly devising new ways to take advantage of unsuspecting consumers. In 2021, the Federal Bureau of Investigation’s Internet Crime Complaint Center received reports from 11,578 victims regarding incidents of real estate or rental fraud. To avoid becoming a victim, here are five common real…
Westchester Firm to Purchase Affordable Housing Complexes in Hudson, NY
A Westchester-based firm that specializes in renovating apartments is reportedly in final talks to purchase two major affordable housing complexes in Hudson, New York. K & R Preservations plans to acquire the 100-unit Providence Hall and the 50-unit Schuyler Court, both of which predominantly rent to tenants using Section 8 housing vouchers, the federal program…
Long-Term Costs of Leasing vs. Buying Appliances: Which One Is More Cost-Effective?
When it comes to appliances, one of the biggest decisions you’ll face is whether to lease or buy. Leasing an appliance typically involves paying a monthly fee for a set period of time, while buying an appliance means paying the full cost upfront or financing it through a loan. While leasing may seem like a…